Do you find finance daunting?
You don’t know where to start?
I know how you feel.
I wish I’d learned about money in school or when earning a steady income with a full-time job.
But better late than never, right?
Remember, you can build wealth no matter how much you earn when you master one habit.
Just this one habit will set you on the right path.
With that in mind, keep learning to fully master the money game.
The 15 best personal finance books to read below will help you do just that.
These are some of the best personal finance books out there.
I’ve read a few. The ones I’m yet to read are recommended by reputable sources.
I intend to read them all eventually (except the second one reserved for Aussie!).
Even if you feel math isn’t your strong suit, every one of us knows how to spend money.
And if we can spend it, we might as well learn the best way to accumulate it too, right?
This is where your exciting journey to financial freedom begins…
Beginners
1. The One-Page Financial Plan: A Simple Way to Be Smart About Your Money
by Carl Richards
Maybe you’ll lose the job you thought was secure; you’ll take a financial risk that doesn’t pan out; you’ll have twins when you were only budgeting for one. In other words: Life will happen. But no matter what happens, this book will help you bridge the gap between where you are now and where you want to go.
2. The Barefoot Investor: The Only Money Guide You’ll Ever Need (Aussie Readers)
by Scott Pape
You’ll get a step-by-step formula: open this account, then do this; call this person, and say this; invest money here, and not there. All with a glass of wine in your hand.
This book will show you how to create an entire financial plan that is so simple you can sketch it on the back of a serviette … and you’ll be able to manage your money in 10 minutes a week.
Educational and Motivational
3. Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
by Robert T. Kiyosaki
Rich Dad Poor Dad is Robert’s story of growing up with two dads — his real father and the father of his best friend, his rich dad — and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.
4. The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime!
by MJ DeMarco
Demand more. Change lanes and find your explosive wealth accelerator. Hit the Fastlane, crack the code to wealth, and find out how to live rich for a lifetime.
5. Think and Grow Rich: The Landmark Bestseller Now Revised and Updated for the 21st Century
In the original Think and Grow Rich, published in 1937, Hill draws on stories of Andrew Carnegie, Thomas Edison, Henry Ford, and other millionaires of his generation to illustrate his principles. In the updated version, Arthur R. Pell, Ph.D., a nationally known author, lecturer, and consultant in human resources management and an expert in applying Hill’s thought, deftly interweaves anecdotes of how contemporary millionaires and billionaires, such as Bill Gates, Mary Kay Ash, Dave Thomas, and Sir John Templeton, achieved their wealth. Outmoded or arcane terminology and examples are faithfully refreshed to preclude any stumbling blocks to a new generation of readers.
Financial Freedom
6. MONEY Master the Game: 7 Simple Steps to Financial Freedom
by Tony Robbins
Based on extensive research and interviews with some of the most legendary investors at work today (John Bogle, Warren Buffett, Paul Tudor Jones, Ray Dalio, Carl Icahn, and many others), Tony Robbins has created a 7-step blueprint for securing financial freedom.
7. Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth
If you are not doing as well financially as you would like, you will have to change your money blueprint. Unfortunately, your current money blueprint will tend to stay with you for the rest of your life, unless you identify and revise it, and that’s exactly what you will do with the help of this extraordinary book. According to T. Harv Eker, it’s simple. If you think like rich people think and do what rich people do, chances are you’ll get rich too!
8. The Richest Man in Babylon
Countless readers have been helped by the famous “Babylonian parables,” hailed as the greatest of all inspirational works on the subject of thrift, financial planning, and personal wealth. In language as simple as that found in the Bible, these fascinating and informative stories set you on a sure path to prosperity and its accompanying joys. Acclaimed as a modern-day classic, this celebrated bestseller offers an understanding of—and a solution to—your personal financial problems that will guide you through a lifetime.
Saving and Retirement
9. The Automatic Millionaire, Expanded and Updated: A Powerful One-Step Plan to Live and Finish Rich
The Automatic Millionaire is one of the most popular financial books of our time. It was a runaway hit when it was first published in 2004, spending thirty-one weeks on the New York Times bestseller list and appearing at number one simultaneously on the New York Times, USA Today, BusinessWeek, and Wall Street Journal business bestseller lists. It has sold over 1.5 million copies and been translated around the world in over a dozen languages. This is the first update since 2005 and includes updated information on taxes, investments, technologies and apps to automate your financial life as well as David’s latest systems for making the entire process even easier.
10. The Millionaire Next Door: The Surprising Secrets of America’s Wealthy
by Thomas J. Stanley and William D. Danko
The bestselling The Millionaire Next Door identifies seven common traits that show up again and again among those who have accumulated wealth. Most of the truly wealthy in this country don’t live in Beverly Hills or on Park Avenue-they live next door. This new edition, the first since 1998, includes a new foreword for the twenty-first century by Dr. Thomas J. Stanley.
11. I Will Teach You To Be Rich
At last, for a generation that’s materially ambitious yet financially clueless comes I Will Teach You To Be Rich, Ramit Sethi’s 6-week personal finance program for 20-to-35-year-olds. A completely practical approach delivered with a nonjudgmental style that makes readers want to do what Sethi says, it is based around the four pillars of personal finance- banking, saving, budgeting, and investing-and the wealth-building ideas of personal entrepreneurship.
12. The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness
With The Total Money Makeover: Classic Edition, you’ll be able to:
– Design a sure-fire plan for paying off all debt—meaning cars, houses, everything
– Recognize the 10 most dangerous money myths (these will kill you)
– Secure a big, fat nest egg for emergencies and retirement!
Investing
13. How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely (UK Readers)
It is time to get your money working for you. How to Own the World explains why you can and must learn about investment, and highlights the significant advantages you have over many finance professionals. The knowledge needed to grow your money isn’t complicated, just very poorly distributed throughout the population. Successful investment can turn hundreds into millions over time thanks to the power of compound interest, something Einstein described as “The Eighth Wonder of the World”. There has never been a greater need for you to take charge of your financial affairs. Fortunately, the tools available have never been more powerful or inexpensive. How to Own the World explains why this is and what you can do to make the most of your money.
14. The Little Book That Still Beats the Market
While the formula may be simple, understanding why the formula works is the true key to success for investors. The book will take readers on a step-by-step journey so that they can learn the principles of value investing in a way that will provide them with a long term strategy that they can understand and stick with through both good and bad periods for the stock market. As the Wall Street Journal stated about the original edition, “Mr. Greenblatt…says his goal was to provide advice that, while sophisticated, could be understood and followed by his five children, ages 6 to 15. They are in luck. His ‘Little Book’ is one of the best, clearest guides to value investing out there.
15. The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel
The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham’s philosophy of “value investing” — which shields investors from substantial error and teaches them to develop long-term strategies — has made The Intelligent Investor the stock market bible ever since its original publication in 1949.
Final Thoughts
Click the link for each book, read through Amazon reviews to get the feel for the book before investing time and money.
You don’t need to read all of the books to begin your financially independent life journey.
Whether you read one book or two, start now.
Passive reading gobbles up time and achieves nothing.
Get the ball rolling!
Creating a budget is a good place to start.
The Best Place to Get Books
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